Pruning to keep growth on right track

Economy | Ed Zhang

It sounds like a contradiction: China's development needs a cut in the 2015 GDP growth rate.

At least this way the economy would be easier to manage: When the government is less concerned about maintaining high growth, an inevitable result from continuous expansion in capital investment, it can spend more time and energy concentrating on more important things, first of all reform. Many of the reform efforts outlined by the famous Third Plenum in November 2013 are still to become reality.